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China Cut 2012 Coal Production Target to 3.6 billion tonnes
According to the National Development and Reform Commission, China, the world's top coal producer and consumer, sets coal output targets for 2012 at top three producing regions at 3.65 billion tons, down as much as 7 percent in comparison to 2011. The cuts are partially intended to help stabilize domestic coal prices as demand has fallen sharply due to the slowing economy.
read more... 15/08/2012
Poland’s major coal producer postponed new power plant project
The EU’s first hard coal producer, Kompania Weglowa, has delayed the construction of its coal-fired power plant in 2020, with two years of delay. The 1000 MW power plant will cost about 5 billion Zloty (1.5 Billion dollars), and will burn between 2.5 and 3.5 million tons per year of hard coal producing roughly 5-7 TWh per year.
read more... 09/08/2012
Coal use continues to increase in Europe
The demand for coal surged 3.3% last year in Europe, while the coal imports from U.S. producers such as Arch Coal Inc. (ACI) has cut prices by 26% in a year.
read more... 09/07/2012
US share of coal in power generation declines in favor of gas
U.S. coal use is declining as utilities switch to cleaner and cheaper alternatives.
read more... 13/06/2012
China to cut its energy use by 21% by 2015
The Chinese Ministry of Industry and Information Technology (MIIT) announced that China envisages cutting its energy consumption by 21% by 2015 and closing inefficient companies in more than 10 industries because of overcapacity, high energy consumption, and pollution.
read more... 28/02/2012